The Cash Store Financial Services Inc. (CSFSF)

[mikeymgd]

I am also looking at the chart but cannot get past the big issues plaguing the company.

Can CSFS survive without the license?

Of the 38m in revenue last quarter, 35 million of it was from Payday Loans. Those loans are no longer being written in 95% of their branches. I do not see the small 27 branches in the UK as supporting the company alone.

CSFS is clearly a bankrupt bank if they do not get the license. Losses will balloon into the 10s of millions per quarter based on SG&A expenses.

Another issue is a notice of delist heading their way. The NYSE will issue a delist notice in the coming weeks. CSFS no longer meets the minimum bid price to remain listed. To be fair I believe it will be almost 3 weeks still.

All in all the stock is near 0 in value until the Canadian government reissues their license. In fact I cannot see how they keep their 500+ branches in Canada open at the moment. The remaining business generates little money or customers. Its nothing but straight losses every day they open the doors.

The stock desperately needs an update on when the hearing is to be held. That date cannot be several months out.

For everyone's sake I truly hope this can bounce but I am not sure even 60 cents would be realistic based on fundamentals. Sellers will likely take any opportunity to get out with any bullish move.

What a cluster f%^& this became. A real shame.